Faculty-Student Assoc of State University of Ny at Stony Brook

Analysis

Faculty-Student Assoc of State University of Ny at Stony Brook is a registered charity in United States, based in Stony Brook, NY. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Faculty-Student Assoc of State University of Ny at Stony Brook reported income of $35.5m and spending of $36.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.2m to $35.5m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faculty-Student Assoc of State University of Ny at Stony Brook sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include California Virtual Academy at San Joaquin -A California NPRFT Corp- ($35.5m), Options for Youth - Acton ($35.5m) and Missouri State University Foundation ($35.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 34% of the total. Other salaries and wages came to $14.4m. At year end it held assets of $56.9m against liabilities of $16.1m, net assets of $40.8m. It reported 424 employees.